Team Lead, Marine Hull & Liability, NA

Underwriting Team Lead

Join us as a Underwriting Team Lead to make a greater impact through your technical expertise and people skills. This could be the ideal chance to step up into your first Senior level role.

Make your mark in Underwriting
AIG underwriting teams help to find insurance solutions in areas including Financial Lines, Property, Casualty, Specialty Lines, Cyber, Multinational Clients, and High Net Worth individuals. We are reimagining how we help customers to manage risk, transforming our operating model, and reshaping our role responsibilities and career pathways. The goal is to unlock the full potential in each colleague – empowering our people to grow as insurance professionals and add more value to our customers and AIG.

How you will create an impact

• Underwriting and Operational Excellence
• Execute the agreed strategy, business objectives and target profitability for the U.S. market for the respective Class of Business
• Maintain consistent underwriting best practices and guidelines to ensure rating and pricing adequacy
• Underwrite new and existing business in accordance with underwriting authority
• Negotiate pricing, terms and conditions & deal structures
• Assist in ensuring underwriters with the U.S. team underwrite in accordance with underwriting authority
• Act as the primary referral underwriter for the respective U.S. team when the Head of Class is out, to ensure all relevant risks written are in line with underwriting philosophy and policies
• Technically evaluate risks to help achieve profitable growth to the portfolio
• Review and negotiate manuscript form wordings and coverages
• Maintain and monitor appropriate aggregate exposure by sub-classes, insureds, and geography
• Ensure that the administration of the document management and workflow systems, population of pricing other risk management information, the maintenance of files and records, underwriting and peer review is carried out in accordance to internal procedures
• Ensure that premium entries in the Company’s systems are reviewed and accurately maintained in accordance with applicable procedures
• Ensure that any errors or omissions in the entry of risks onto the risk recording system by the relevant team are corrected
• Demonstrate a consistent understanding of regulatory and compliance processes
• Act in accordance with all regulatory standards and principles at all times
• Assist in identifying trends in the portfolio, communicating & implementing appropriate measures in order to protect the portfolio from adverse exposures
• Influence decisions by use of analytics and underwriting experience to differentiate Talbot
• Management of a book of business including broker plans, target account lists, pipelines, and action plans for poor performing accounts
• Participate in special underwriting projects as needed
• Provide information and assistance as needed to ensure that other staff can carry out their responsibilities
• Make every reasonable effort to increase own knowledge, skills and expertise
• Focus on Underwriting Profit and Execution
• Ensure effective execution of underwriting standards
• Focus on underwriting profitable business that will achieve financial targets
• Distribution / Production
• Participate in (and lead) broker engagement plans, ultimately driving submission flow that specifically fits our desired appetite
• Execute business development and marketing strategies to generate new, and continuously develop existing, business relationships
• Communicate risk appetite and value proposition to brokers
• Provide superior customer service to brokers and clients
• Help to develop products and services to producers
• Collaborate with distribution partners to be visible on a weekly basis
• Collaboration
• Establish strong relationships with leadership and underwriting across the organization
• Collaborate to deliver the appropriate underwriting authority in the U.S.
• Team Culture and Market Reputation
• Promote collaboration, diversity and inclusion within the team
• Ability to interact and find success in navigating various cultures and situational challenges
• Participate in industry functions and events to further build the Talbot brand identity and marketplace presence

What you’ll need to succeed

• 8+ Years of Experience and Industry Relevance
• Experienced insurance underwriting experience in (or relevant to) the respective Line of Business
• Sufficient experience in the insurance industry, with commercial knowledge of P&C lines of business, including product features, forms, regulatory environments and risks
• Professional Insurance qualifications and/or designations a plus or evidence of progression towards the same
• Established and strong relationships with customers and intermediaries
• Proven Capabilities and Relevant Knowledge
• Knowledge of market segmentation, portfolio management, and distribution
• Strong knowledge of first party insurance for designated Class
• Demonstrated sales, marketing, and relationship building experience
• Ability to adequately analyze various structures (100%, primary/shared and layered, and excess structures)
• Sufficient technical analysis and underwriting acumen combined with marketing and sales skills
• Client focused, and results oriented
• Willingness to be flexible, learn on the job, and maintain a can-do attitude
• Comfort with analytical tools and technology

Other Relevant Skills

• Analytical and quantitative skills
• Strong problem solving and conflict resolution
• Excellent interpersonal, communication, and presentation skills
• Ability to share knowledge with other team members and assist in their development
• Interest in, or knowledge of, other relevant types of insurance lines of business
• Proficiency with the Microsoft Office Suite of applications
• Organizational and timekeeping skills and a strong sense of attention to detail are essential
• The ability to deal effectively and courteously with clients and colleagues, and to exercise discretion and confidentiality in all matters
• Must be able to work outside of normal office hours including evenings, weekends and travel for business as necessary

Education

• Bachelor’s degree, professional designation, or evidence of progression towards same strongly preferred

For positions based in New York City, the base salary range is $152,000 - $190,000. In addition, the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. We’re proud to offer a range of competitive benefits, a summary of which can be viewed here: US Benefits Overview. 

#LI-AR1 #underwriting #marine

At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.

Enjoy benefits that take care of what matters

At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.

Reimagining insurance to make a bigger difference to the world

American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world’s most far-reaching property casualty networks. It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.

Welcome to a culture of inclusion

We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.

AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.

AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities.  If you believe you need a reasonable accommodation, please send an email to [email protected].